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Weekly review of Azerbaijani currency market

Business Materials 15 June 2013 11:27 (UTC +04:00)

Azerbaijan, Baku, 15 June / corr. Trend E. Aliyev /

Last week the official rate of the manat to the US dollar set by the Azerbaijani Central Bank (CBA) increased by 0.0002 points. The average rate was established at 0.78468 manat to 1 U.S. dollar.

Official rate of manat to 1 U.S. dollar:

June 3

0.7846

June 10

0.7848

June 4

0.7846

June 11

0.7848

June 5

0.7846

June 12

0.7846

June 6

0.7846

June 13

0.7846

June 7

0.7848

June 14

0.7846

Average weekly

0.78464

Average weekly

0,78468

As a result of last week's exchange, the stock exchange price of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) remained unchanged. The average rate was set at 0.7836 manat to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 10,11 and 13 - no deals were concluded, therefore the exchange rate remained at 0.7836 AZN/USD, June 12 - $2.4 million with the exchange rate of 0.7836 AZN/USD, June 14 - $0.7 million with the exchange rate of 0.7836 AZN/USD.

Exchange rate of manat to 1 U.S. dollar:

June 3

0.7836

June 10

0.7836

June 4

0.7836

June 11

0.7836

June 5

0.7836

June 12

0.7836

June 6

0.7836

June 13

0.7836

June 7

0.7836

June 14

0.7836

Average weekly

0.7836

Average weekly

0.7836

No deal was concluded with USD/AZN T+1 and T+2 due to few appeals made by dealers. No appeals were made on RUB/AZN and EUR/AZN.

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